Mazagon Dock Shipbuilders was granted ‘Navratna’ status on June 25, 2024. The company received the Navratna status from the Department of Public Enterprises (DPE), as per a letter dated June 25, 2024.
Mazagon Dock Shipbuilders specializes in building and repairing ships, submarines, various vessels, and related engineering products.
The company’s consolidated net profit jumped 102.97% to ₹662.07 Crore in Q4 FY24, compared to Q4 FY23. Revenue from operations increased by 49.32% to ₹3,103.65 Crore in Q4 FY24 over Q4 FY23.
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